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Goldman Sachs Hires Veteran Dealmaker for China Investment Bank
By Cathy Chan
June 20, 2018, 8:02 AM GMT+5
Wei Cai joins as co-head from private equity firm FountainVest
First person to join Goldman as a partner for China business
Goldman Sachs Group Inc. hired veteran dealmaker Wei Cai as co-head of its China investment banking business, making him a partner in a rare move as the firm seeks to capitalize on the nation’s financial-market opening.

Previously at private equity firm FountainVest Partners Co., Cai will head the business alongside Beijing-based Zhu Hansong, according to a memo obtained by Bloomberg. Edward Naylor, a Hong Kong-based spokesman, confirmed the appointment.

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